Zurcher Kantonalbank Zurich Cantonalbank Purchases 32,485 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 131.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,114 shares of the company’s stock after buying an additional 32,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Renewable were worth $1,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BEPC. Bartlett & Co. LLC purchased a new stake in Brookfield Renewable in the fourth quarter worth about $29,000. HBC Financial Services PLLC purchased a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $43,000. FinTrust Capital Advisors LLC increased its position in Brookfield Renewable by 387.5% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company’s stock valued at $75,000 after buying an additional 2,484 shares in the last quarter. Orion Capital Management LLC purchased a new position in Brookfield Renewable during the third quarter valued at $81,000. Finally, Pacifica Partners Inc. boosted its holdings in Brookfield Renewable by 32.8% in the fourth quarter. Pacifica Partners Inc. now owns 3,438 shares of the company’s stock worth $92,000 after acquiring an additional 850 shares in the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Down 0.1 %

NYSE BEPC opened at $23.50 on Thursday. The stock’s fifty day moving average price is $24.01 and its 200-day moving average price is $25.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.22 billion, a P/E ratio of -73.44 and a beta of 1.09. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $36.16.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. As a group, equities analysts forecast that Brookfield Renewable Co. will post -1.11 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable’s payout ratio is presently -443.75%.

Brookfield Renewable Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.